Wild Go Casino g to Macquarie. Macau Could Renew PermitsIf Macau policymakers opt to renew gaming permits under the above scenario, it’s probable the outcome would be a 10-year licensing period, not 20 years. Another option, particularly if it appears likely the process will extend beyond 2022, is simply for the SAR to re-up the permits under current terms for two or three years. 7 casino las vegas casino slot 2020 Macau law allows for a five-year extension of that nature after an original license expires. santa ana casino table games Letting the process drag out potentially works in favor of the SAR government because it buys time for post-pandemic recovery to materialize. do online casinos pay real money “Renewing licenses after a full GGR [gross gaming revenue] recovery would offer policymakers more bargaining power (specifically over non-gaming capital expenditure),” according to Macquarie. is tachi palace casino open yet horse slot machine casino Las Vegas Sands and Galaxy Entertainment are the two largest Macau operators by market share. No Deposit Silver Oak Casino Ihoc

Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11. 10 percent amid a challenging operating environment. One analyst likes the upside offered by the name as vaccines come to market. casino king slot machine waco Monarch’s Atlantis in Reno, Nevada. Lucky Creek Casino Instant Play Pmoa An analyst is bullish on the stock, citing multiple tailwinds. doubleu casino free slot games (Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16. 66 percent from the Dec.

Key Insights and Expert Analysis

10 close. He acknowledges that there’s sombig fish casino friend code s e near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. tachi palace casino website “While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage. tachi palace casino bingo ”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6. 73 percent over the past month. Cashman Casino Fb Ytvk Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.

That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. The company’s Centennial State footprint is important for other reasons, including a growing sports betting market and the recent elimination of table game bet limits. online slots win real money no deposit On Election Day, voters there approved scrapping the 0 per hand cap at casinos in the state’s three gaming cities. It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. gala casino free slot games As a result, analysts believe Colorado gaming venues will be able to attract a more affluent clientele, and perhaps keep more Denver-area gamblers in the state amid restrictions in Lbig fish casino friend code s as Vegas. “A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc. the chinook winds casino Viejas Casino Is It Open Lthl ) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski.

The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. paragon casino app raging bull casino online Its other venue is the Atlantis in its home market of Reno, Nev. Monarch’s Strong FundamentalsAlthough Monarch trades at rich valuations relative to its peers, it commands those premiums due to strong fundamentals. firekeepers casino driving directions This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects. “We believe MCRI’s management team is one of the best in the business and well-aligned with shareholders,” notes Wieczynski. His price forecast on the shares is based on the name trading at 12x estimated 2022 adjusted EBITDA. That’s in